AUZ 0.00% 1.0¢ australian mines limited

In all honesty an in a Nutshell the Company has been trying to...

  1. 518 Posts.
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    In all honesty an in a Nutshell the Company has been trying to get Finance for over 3 years to kick this project off, something they have failed miserably at, but they do state they are talking with a range of financial company's to achieve that, once they have that the company will have on board one of the biggest battery manufacturers in the world taking 100% of Auz Mines product from Sconi for 6 years and then it's off to the races based on obtaining Finance

    The trouble with that is, they have a BOD that tend to have their sticky fingers stuck in the lolly jar or taking freebies for achieving nothing, certain individuals on the BoD have made sure their mates have been well remunerated for past CR and also like to arrange a lot of performance based shares with shareholders cash flow whereby they don't have to perform anything as in the end they don't really pay for them so it's another case of something for nothing.

    Can only point you to the latest announcement in regard to the AGM an suggest you thoroughly read each an every Resolution as IMHO it's shows how much and how far the BoD are willing to go to keep filling up their lolly jars for themselves, as many have stated here over many years those at the top of the tree the very ones who are supposed to be working for the Owners/Shareholders have failed to achieve anything and until finance is achieved there will be a vote on the Resolutions that is not warranted at this time and will have no bearing on the Company obtaining finance to proceed the project at Sconi other than enhancing the look of the SP to restart the dilution stakes all over again.

    Why you may ask well IMHO this BoD cannot be trusted one iota and their history proves it without doubt.

    With so many past share holders being burnt by this BOARD imo the voting of No to all Resolutions will be substantial that will send a Clear Message back to them, in other words "get the job done" before sticking your dirty buy a in the lolly jar as had been the case since the last dealings with SK Innovations.
 
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